Chicago chief financial officer Scott to step down

Lois Scott, Chicago's chief financial officer, said on Friday she plans to step down this month after four years on the job, making the announcement two days after she helped unveil plans to clean up the debt practices of the third-largest U.S. city. Mayor Rahm Emanuel's office said Scott will leave on May 20. "It has been a special honor serving Mayor Emanuel, a visionary mayor who believes deeply that confronting our fiscal challenges is inextricably linked to the larger economic growth and jo